Warm Springs Advisors Inc. Takes $1.47 Million Position in Energy Transfer LP (NYSE:ET)

Warm Springs Advisors Inc. bought a new stake in shares of Energy Transfer LP (NYSE:ET - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 75,000 shares of the pipeline company's stock, valued at approximately $1,469,000. Energy Transfer makes up 1.4% of Warm Springs Advisors Inc.'s holdings, making the stock its 26th largest position.

A number of other hedge funds have also recently modified their holdings of ET. WCG Wealth Advisors LLC lifted its stake in Energy Transfer by 6.4% during the 4th quarter. WCG Wealth Advisors LLC now owns 14,488 shares of the pipeline company's stock valued at $284,000 after acquiring an additional 871 shares during the period. Hudson Value Partners LLC increased its position in shares of Energy Transfer by 1.6% during the 4th quarter. Hudson Value Partners LLC now owns 64,775 shares of the pipeline company's stock valued at $1,269,000 after purchasing an additional 1,000 shares during the last quarter. Helium Advisors LLC purchased a new stake in shares of Energy Transfer during the 4th quarter valued at about $500,000. Alpine Global Management LLC purchased a new stake in shares of Energy Transfer during the 4th quarter valued at about $353,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Energy Transfer during the 4th quarter valued at about $29,000. Institutional investors own 38.22% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on ET shares. UBS Group reaffirmed a "buy" rating on shares of Energy Transfer in a research report on Tuesday, March 4th. Citigroup reissued a "buy" rating on shares of Energy Transfer in a report on Monday, March 24th. JPMorgan Chase & Co. reduced their target price on shares of Energy Transfer from $25.00 to $23.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Mizuho increased their target price on shares of Energy Transfer from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 target price on shares of Energy Transfer in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $22.64.

Energy Transfer Trading Down 0.2%

Shares of NYSE:ET opened at $17.84 on Friday. Energy Transfer LP has a 12-month low of $14.60 and a 12-month high of $21.45. The company has a market capitalization of $61.22 billion, a PE ratio of 13.94, a PEG ratio of 0.64 and a beta of 0.77. The business has a 50 day moving average of $17.41 and a two-hundred day moving average of $18.59. The company has a current ratio of 1.12, a quick ratio of 0.88 and a debt-to-equity ratio of 1.42.

Energy Transfer (NYSE:ET - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The pipeline company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.03. The company had revenue of $21.02 billion during the quarter, compared to the consensus estimate of $22.28 billion. Energy Transfer had a return on equity of 11.56% and a net margin of 5.74%. Energy Transfer's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 earnings per share. As a group, analysts forecast that Energy Transfer LP will post 1.46 EPS for the current year.

Energy Transfer Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Friday, May 9th were issued a dividend of $0.3275 per share. The ex-dividend date was Friday, May 9th. This is a boost from Energy Transfer's previous quarterly dividend of $0.33. This represents a $1.31 dividend on an annualized basis and a dividend yield of 7.34%. Energy Transfer's dividend payout ratio is currently 99.24%.

Energy Transfer Profile

Energy Transfer LP provides energy-related services. The company owns and operates natural gas transportation pipeline, and natural gas storage facilities in Texas and Oklahoma; and approximately 20,090 miles of interstate natural gas pipeline. It also sells natural gas to electric utilities, independent power plants, local distribution and other marketing companies, and industrial end-users.

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